Page 6 - Employees

Twitter employees to soon receive performance-based stock awards: Musk

This past week, we completed a difficult organisational overhaul focused on improving future execution, using as much feedback as we could gather from entire company, Musk wrote in an internal memo

AI vs humans: Some companies begin replacing employees with ChatGPT

Companies that use ChatGPT said they saved money using the AI tool, with 48 per cent saved over $50,000 and 11 per cent saved over $100,000, according to a report in Fortune

Half of Indian firms may offer double-digit salary hikes in 2023

Of the 1,400 companies surveyed across 40 industries, 46% of organisations are expected to give double-digit salary increases in 2023

Amazon asks employees to be in office at least three days a week from May 1

In a message that was posted on Amazon's blog, chief executive Andy Jassy wrote the decision was taken at a meeting earlier this week and the move would make it easier to learn and collaborate

Sacking 7,000 employees in 2-hour call was bad idea: Salesforce CEO

Salesforce employees had slammed CEO Marc Benioff for being evasive during the meeting

Starbucks illegally threatened, sacked employees: US labour board rules

The dispute involves workplace activism in 2019, before the launch of the current Starbucks Workers United campaign which has reached hundreds of the company's US cafes

575 small firms hiring employees laid off by tech giants, says report

India stood third in global tech-hiring geographies, with the US and the European Union taking the lead

GoDaddy CEO Aman Bhutani cuts 8% jobs amid tough macroeconomic situation

In an email to employees, Bhutani said that most impacted roles are in the US, affecting multiple levels in the company and every division

Yahoo to lay off more than 20% of staff to restructure its ad tech division

The cuts will impact nearly 50% of Yahoo's ad tech employees by the end of this year, including nearly 1,000 employees this week, the company said

Open core firm GitLab to cut 7% jobs amid tough macroeconomic conditions

The company's most recent reported headcount was 1,630, implying that the round of redundancies will affect approximately 114 people, though that specific figure is dependent on its current headcount

MHA approves regularisation of NDMC's 4,500 regular muster roll employees

CM Arvind Kejriwal thanked the Union Home Minister Amit Shah for the decision, saying "The lives of thousands of these people will change with a permanent job"

PayPal forecasts strong full-year profit, says CEO to retire at year-end

The company's upbeat forecast also comes alongside its previously announced commitment of lowering expenses in the backdrop of its key e-commerce segment feeling the pinch of a slowdown

Delhi CM writes to Shah over regularisation delay of 4,500 NDMC employees

The Chief Minister said that NDMC had also sent a reminder on November 23, 2022, but the draft Group C recruitment rules have not yet been approved by the Ministry of Home Affairs

Edtech giant Byju's lays off nearly 1,000 employees across verticals

According to the company sources, the layoffs are part of the"optimisation" strategy announced last year where the company plans to sack 2,500, or 5 per cent, of its employees

Air India offers nearly 98 cr shares to employees under stock option scheme

Air India has offered around 98 crore shares of the company to its permanent employees as part of a stock option scheme. The shares are also being offered to the permanent staff of Air India Express as part of the Employees' Share Benefit (ESB) Scheme 2022, according to a document. The Tata group took over the control of Air India and Air India Express from the government on January 27, 2022. An airline official told PTI that around 8,000 employees will benefit from the scheme. "In accordance with the share purchase agreement signed as part of the disinvestment process, Air India has initiated the Employee Share Benefit Scheme for eligible employees who were in service with the airline on the date of privatisation. "We will be working with the relevant employees to help them understand the long term benefits and avail of the same," an Air India spokesperson said in a statement. Those who were permanent employees at the two carriers -- Air India and Air India Express -- at the tim

TeamLease Edtech, PeopleCert tie up to up-skill corporate execs, graduates

With this agreement, TeamLease EdTech aims to upskill the Indian workforce to meet high-speed growth in IT and industry

Ugly truth of layoffs: Firms invest huge resources to rebuild workforce

'Understaffing isn't always a result of management short-sightedness'

Google-backed ShareChat, Dunzo hand out pink slips to employees

This comes amid the current funding crunch in the Indian start-up ecosystem

Voice automation startup Skit.ai lays off over 115 employees: Report

Software-as-a-service (SaaS) voice automation startup Skit.ai has sacked more than 115 employees, mostly from its India team, as part of the "restructuring process" amid the deepening funding winter

Pfizer announces 12-week paternity leave policy for its employees

The policy that came into effect on January 1, 2023, gives biological and adoptive fathers the option to take leaves in up to four tranches